Ross Grant works as a senior finance consultant at White Oak, which provides financing to SMEs. He recently completed the Level 5 Diploma in Asset Finance (DipAF) through the London Institute of Banking and Finance (LIBF). Here he offers his reasons for signing up to complete his diploma.
I joined White Oak in December 2018 after starting my career with a major UK bank in 2015. During my time with the company, I have worked to build my own client base from the ground up through building relationships, getting to understand potential clients’ businesses better and being able to provide a wide variety of financial solutions to their short and long-term goals/obstacles.
Since joining I’ve gained experience with hire purchase and leasing as I spoke with businesses looking to buy new assets or refinance existing ones. I had to understand and learn the basics of asset finance quickly.
It was from here that I decided to further my own understanding and decided to commit to the Diploma in Asset Finance. I felt it would help to give a deeper knowledge and understanding as the course covered how asset finance works, the legal and regulatory requirements in the industry and the account management process and lifecycle of an asset finance agreement.
Now I’ve completed the diploma, I’m unsure as to what the next steps may be, as it is the foundation to many different career paths if I want it to be. My first focus is to put what I’ve learned to use for new and existing clients, as the market in my view is currently experiencing a boom.
With the demand for vehicles both new and used well-outweighing supply, businesses are looking to try and upgrade vehicles and equipment but are perhaps being faced with much higher prices. Where they may have once paid cash before, they are now more open to using finance to cover these purchases and keep a hold of their own cash.
I think this is a great time to be working in asset finance as the opportunities for lenders, brokers and businesses to build relationships is more imperative than ever, given the difficulties everyone has faced over the past 18 months.
Ross Grant works as a senior finance consultant at White Oak. He recently completed the Level 5 Diploma in Asset Finance through the London Institute of Banking and Finance (LIBF).